Torrey Pines Re Ltd., (the “Issuer”), a Bermuda exempted company limited by shares, and, licensed as a special purpose insurer under the Bermuda Insurance Act 1978 and related regulations, each as amended (the “Insurance Act”). The Issuer was incorporated on March 31, 2017.

Torrey Pines Re Ltd. – US$175,000,000 Series 2025-1 Class C Principal At-Risk Variable Rate Notes due June 7, 2028